The Western Territory of Summer Sports Corporation produces and markets two

products for use in water sports: Jackets and Gloves. The following data were gathered on activities last month:

Jackets Gloves

Sales in units 3,000 8,000

Selling price per unit $50 $20

CM ratio 40% 55%

Segment Margin $40,000 $68,000

Territory net income was $25,000.

Required:

Prepare a complete segmented income statement in good form using the contribution format for last month, for the Territory as a whole and for each product. Completion of the % column is not required.